Lithium sector shares continued their upward trajectory, with Ganfeng Lithium (01772) rising 4.58% to HK$81 and Tianqi Lithium (09696) climbing 4.11% to HK$51.45 at the time of writing. The move follows reports from local media in Zimbabwe indicating that the government has outlined a set of preconditions for lifting the ban on lithium ore exports via an official letter from the Minister of Mines. Executives from several Chinese lithium companies operating in the region noted that specific quota allocations have not been formally announced and negotiations are still ongoing, though leading enterprises are expected to reach agreements swiftly. Tianqi Lithium stated during an earnings briefing on April 8 that tight supply conditions in the lithium resource sector have become increasingly apparent since the second quarter of this year. Given that the construction, resumption, and expansion cycles for lithium mines are longer than those for lithium chemical processing, coupled with external environmental factors, lithium ore supply is projected to remain constrained through the first half of 2026.
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